Posted on 04/21/2011 2:25:11 PM PDT by NormsRevenge
SAN FRANCISCO (AFP) – The White House on Thursday accused its Republican foes of risking a global recession by saying they will not agree to raise the US debt ceiling unless paired with deep spending cuts.
Spokesman Jay Carney said President Barack Obama hoped to reach a compromise reining in galloping US deficits and national debt "in the same timeframe" as a congressional vote lifting the limit on Washington's ability to borrow.
But "you cannot hold one hostage to the other," he told reporters aboard President Barack Obama's official Air Force One airplane.
If talks collapse, "you can't say 'well, then we're just going to let the United States government go into default, tank the economy, send the economy into recession, not just domestically but globally," said Carney.
"I think that would be the height of irresponsibility," he said.
Obama was here for a campaign-style swing that included a a a fundraising breakfast at a swank San Francisco hotel
Carney had been asked about comments from Republican House Majority Leader Eric Cantor, who said in a statement that his party would oppose "a blind vote" on raising the debt ceiling absent steep cutbacks in government outlays.
"Democrats want a free pass to keep spending money we don't have," said Cantor.
"Republicans will not agree to raise the debt limit without binding budget reforms and immediate spending cuts."
(Excerpt) Read more at news.yahoo.com ...
US President Barack Obama speaks at a California fundraiser April 20. The White House accused Republican foes of risking a global recession by saying they will not agree to raise the US debt ceiling unless paired with deep spending cuts. (AFP/File/Mandel Ngan)
Well; there it is....the Democrat talking points.
Ignoring the FACT that the spending on goofball handout programs to cronies and Unions that created the DEBT now is somehow supposed to be covered by borrowing MORE funds to cover it? What a concept! SPEND your way out of debt!
FUBO. he creates the problem then attacks those who seriously try to solve it.
What a putz.
The Alinsky playbook. Create a crisis, then exploit it, all the while pinning the blame on your political opponents.
Unfortunately, at least 50% of the electorate are dumb enough to buy this as the media spin it Obama’s way.
U.S. President Barack Obama takes part in a town hall meeting at
ElectraTherm, Inc. in Reno, Nevada, April 21, 2011. REUTERS/Jim Young
Nothing about this will end well.
“”he creates the problem then attacks those who seriously try to solve it. What a putz.”
I finally figured out the scar on the scalp. He has a replaceable brain. He has one for running up the debt and another one for bringing it down. The one doesn’t know what the other one is responsible for....BUT there are probably more than two available. Sad - because none of them work!
One thing is sure Pay me now or pay me later.
If we don’t stop spending the global financial system will collapse. If we don’t raise the debt it will collapse.
Why wait? Let it all hang out, If it’s got to happen let it happen now.
This debt is unsustainable. STOP IT NOW>
The king of ‘fear and smear’
can I steal that!!!??? “The King of Fear and Smear!” I want to send it to some libs, and maybe put it up on my Facebook....it is soooooo RIGHT!
Be my guest!
Dems are the party of f&c and he is the king
The democrats and Obama will ensure Americas demise if they
are allowed to drag us further into debt.
We have NO MORE MONEY
Start being responsible or you will be out of work.
Use some of that $35,000 a plate Hollywood Fat Cat money to balance the budget you asshat.
Let's balance the budget by doubling the taxes of everyone at his fundraisers.
Obama has Boehner across the table, and thus not a worry that he will have to compromise anything to the GOP.
The “compromise” he’s hoping for is a total surrender on the Republican side. He’s likely to get it.
You know where we both think he can shove it and where we both think he can go!
They are fixin on buffaloing us
____________________________________________________________
U.S. deficit deal could head off debt-limit fight
By Andy Sullivan and Tim Reid
WASHINGTON | Thu Apr 21, 2011 6:09pm EDT
(Reuters) - As Washington gears up for a fight over the debt ceiling, lawmakers are considering an approach that would allow them to say they are adopting fiscal discipline over the long term even as they vote for increased borrowing.
The approach, outlined in several proposals circulating on Capitol Hill, would set specific savings targets and require automatic spending cuts and possibly tax increases if the goals are not met.
Contentious fights over taxing wealthy Americans and overhauling health programs for the poor and elderly would be left to a later date.
This path would give lawmakers political cover as they vote to allow the government to borrow above its current $14.3 trillion limit, a move strongly opposed by the Tea Party movement and other fiscal conservatives who want to see government spending slashed.
Lawmakers and Washington pundits say it could head off a looming showdown over raising the debt limit that could stretch out for weeks after the limit is reached in mid-May.
“It ... enables you to build some trust between the two sides and get past the debt limit and get that monkey off the market’s back,” said Joe Minarik, a budget expert at the Committee for Economic Development think tank who helped craft a plan pitched to lawmakers privately this week.
http://www.reuters.com/article/2011/04/21/us-usa-budget-process-idUSTRE73K86R20110421
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